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Bitwise calls HYPE the "second generation" of crypto assets, still undervalued by the market

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ME News Report, May 20 (UTC+8), Bitwise Chief Investment Officer Matt Hougan stated that although Hyperliquid's native token HYPE has risen 77% so far this year, becoming one of the best-performing large-cap cryptocurrencies by 2026, its value is still undervalued by the market. Hougan believes that the market currently still views Hyperliquid as a rapidly growing crypto perpetual contract exchange, but its true potential lies in becoming a global trading super app that covers stocks, pre-IPO assets, commodities, prediction markets, and cryptocurrencies. He predicts that the proportion of non-cryptocurrency trading volume on the Hyperliquid platform will further increase from nearly half to 70%. Bitwise has recently launched an ETF based on HYPE and plans to use part of the management fees to continue increasing its HYPE holdings. (Source: ODAILY)
HYPE-8.27%
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